2020-08-11 17:36 ET – News Release
Mr. Harold Forzley reports
PACIFIC CASCADE ANNOUNCES NAME CHANGE AND CONSOLIDATION
Pacific Cascade Minerals Inc. will be changing its name from Pacific Cascade Minerals Inc. to “Bathurst Metals Corp.” In conjunction with the name change, the company will also be completing a share consolidation on the basis of one postconsolidation common share for every three preconsolidation common shares.
Effective at the commencement of trading on or about Friday, Aug. 14, 2020, the company is expected to begin trading on the NEX board of the TSX Venture Exchange on a postconsolidated basis under the new name and stock symbol BMV. The new Cusip and ISIN are 071205108 and CA0712051089, respectively.
Currently there are 81,454,719 common shares issued and outstanding and after the consolidation there will be approximately 27,151,573 common shares issued and outstanding. The company will not be issuing fractional postconsolidation common shares to shareholders in connection with the consolidation. Where the consolidation would otherwise result in a shareholder being entitled to a fractional common share, the number of postconsolidation common shares issued to such holder of common shares shall be rounded up to the next greater whole number of common shares if the fractional entitlement is equal to or greater than 0.5 and shall be rounded down to the next lesser whole number of common shares if the fractional entitlement is less than 0.5. In calculating such fractional interests, all common shares held by a beneficial holder shall be aggregated.
A letter of transmittal with respect to the consolidation will be mailed to registered shareholders of the company. All registered shareholders with physical certificates will be required to send their respective certificates representing preconsolidated common shares along with a completed letter of transmittal to the company’s transfer agent, Computershare Investor Services Inc., in accordance with the instructions provided in the letter of transmittal. Additional copies of the letter of transmittal can be obtained through Computershare. All shareholders who submit a duly completed letter of transmittal along with their respective preconsolidated common share certificate(s) to Computershare, will receive a postconsolidation share certificate.
Shareholders who hold their common shares through a broker or other intermediary and do not have common shares registered in their name will not need to complete a letter of transmittal.
The exercise or conversion price and the number of common shares issuable under any of the company’s outstanding convertible loans and stock options will be proportionately adjusted to reflect the consolidation in accordance with the respective terms thereof.
Transfer Agent: Compushare Trust Company of Canada
Old Symbol: PCV
New Symbol: BMV.H